Binance has halted its monthly Terra Luna Classic (LUNC) token burns for the first time since March 2023, following a $6.4 billion hack involving an employee's laptop breach. This burn, which typically occurs on the first of each month, represents a significant deflationary effort, with Binance having burned about 19.6% of all LUNC tokens to date. The pause has sparked concern among the LUNC community, although Binance has not yet explained whether this is a temporary or permanent halt. The burn program is part of broader efforts to reduce LUNC's massive supply and support its long-term value, but stagnant trading volumes remain a challenge for the token's recovery.
While Binance has paused its Terra Luna Classic burns, Binance Coin (BNB) on Pluang trades at Rp11.937.824 as of Nov 13, 2026 08:31 WIB, down 2.94% in one day. This price contrasts with BNB's strong market cap of Rp1.570,83 trillion and a 24-hour trading volume of Rp17,8 trillion, showing robust activity despite the token burn halt for LUNC. The circulating supply of BNB remains steady at 131.5 million coins, with a typical hold time of 91 days among Pluang investors.
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On November 12, the Binance Bitcoin perpetual market displayed $47.07 million in buy orders versus $42.36 million in sell orders, indicating a $4.71 million bid lead. In contrast, other markets like Binance spot, Coinbase spot, and OKX perpetual had ...
A Bitcoin wallet that had been inactive for about four years transferred 1,000 BTC, valued at approximately $73.8 million, to the Binance exchange. This marks the wallet's return to activity, though the transfer to Binance does not confirm that the c...
